Capital World Investors Has $100.39 Million Stake in BRP Inc. (NASDAQ:DOOO)

Capital World Investors lifted its stake in BRP Inc. (NASDAQ:DOOO - Free Report) by 101.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,971,033 shares of the company's stock after purchasing an additional 991,392 shares during the period. Capital World Investors owned 2.70% of BRP worth $100,386,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DOOO. Dnca Finance lifted its holdings in BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock valued at $71,000 after buying an additional 369 shares during the period. Quadrant Capital Group LLC grew its stake in shares of BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after purchasing an additional 490 shares during the period. Signaturefd LLC lifted its stake in BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after buying an additional 903 shares during the period. Quantbot Technologies LP boosted its holdings in BRP by 26.6% during the fourth quarter. Quantbot Technologies LP now owns 4,844 shares of the company's stock worth $246,000 after buying an additional 1,017 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of BRP by 2.2% in the 4th quarter. Bank of Nova Scotia now owns 53,439 shares of the company's stock valued at $2,721,000 after acquiring an additional 1,159 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DOOO shares. TD Securities restated a "hold" rating on shares of BRP in a report on Thursday, March 27th. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Raymond James reaffirmed a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Citigroup raised BRP from a "sell" rating to a "neutral" rating and increased their target price for the stock from $27.00 to $37.00 in a research note on Friday, April 4th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.25.

BRP Stock Performance

Shares of DOOO opened at $32.79 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. BRP Inc. has a 12 month low of $31.78 and a 12 month high of $74.00. The firm has a fifty day simple moving average of $37.87 and a 200 day simple moving average of $46.28. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 17.44 and a beta of 1.71.

BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. Research analysts forecast that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were paid a $0.1508 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. This is a boost from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio (DPR) is currently -29.21%.

BRP Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.

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